Millennials in $1,400 Gucci Shades Lead Luxury-Goods Revival

Bloomberg
Bloomberg
Oct 24, 2017 · 3 min read
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By Robert Williams

Gucci’s $2,600 dragon-embroidered handbags and $1,400 crystal-studded pink sunglasses are leading the luxury industry’s revival as young shoppers get a taste for the high life.

Shares in Paris-based parent Kering SA rose to a record after Gucci reported third-quarter sales that jumped 49 percent on a comparable…

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